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who did that fraud? what is the modus operandi?

2007-01-11 04:09:55 · 3 answers · asked by Anonymous in Business & Finance Other - Business & Finance

extremely sorry, if any body offended by mentioning the word nigeria.it was not used intentionally to insult your country.if i simply ask a question what is fraud? i would not get any correct response.

2007-01-11 04:30:44 · update #1

3 answers

Let me tell you that the term was coined by international journalists, probably in attempt to disparage the then unpopular military regimes, to describe a kind of mail scams that was prevalent sometimes ago and thought to usually originate from Nigerian sources.
Some 'smart' guys would normally gang up to concoct seemingly juicy stories about non existing contracts, government monies to be transferred abroad, free oil to lift etc., and often with mouth-watering rewards to the unsuspecting recipients.
Initially , it was easy for the con guys to win, partly because of the unprecedented nature of the crime ( such letters would appear on letterheads that purpotedly belonged to the Central governments' highest authorities and banks) but most probably because of the get- rich -quick attitude or disposition of the would be victim. That is not to say one is condoning such evils but I must say it takes two to tango.
Fortunately, in recent times the government has been doing a lot through the various law enforcement agencies to stem the tide. While a Nigerian law code named decree 419 has been in existence for a long time to fight the menace it is only in recent times that the effect is being felt far and wide on account of effective enforcement by the EFCC (Economic and Financial Crime commission) police.
It is doubtful if majority of such mail scams circulating nowadys originate from Nigeria in deed. Everyday one is bombarded with tens of so called lottery wins from European countries etc that claim selection was random through e-mail balloting etc. and sponsorship was by some bogus multinational companies. In fact I usually laugh at the stupidity of the senders of such mails because it is so easy for a discerning mind to easily see through their antics.
Now will you call that Nigerian fraud or world-wide fraud?
I think it is high time that the derogatory appelation 'Nigerian fraud' was dropped into the gabbage bin of history. Enough is enough . Fraud has no home. It is a world-wide phenomenon. Or is it a case of calling the dog a bad name so that it can be hanged?

2007-01-11 05:22:07 · answer #1 · answered by lob musa 1 · 1 0

You are probably referring to a very common (usually e-mail) scam where someone from Nigeria needs your help on getting several million US dollars released that were originally the proceeds from the victim's alleged dead 12th cousin that you've never heard of.

They tell you you'll get hyour cut if you just send them a couple thousand dollars as a test deposit, or something of the like. It's one of the oldest and most varied e-mail scams in the book!

2007-01-11 12:19:25 · answer #2 · answered by irish_giant 4 · 1 0

There is nothing like 'Nigerian fraud'.. Fraud is fraud! People tend to think 'black' of Nigerians.... Why? Do you hate us? Are we not people like you?
Nigeria is a better country now and you can do deals with us and feel relaxed. Please never ever mention 'Nigeria' when you talk of fraud...its rude and pointless!

2007-01-11 12:23:24 · answer #3 · answered by manpo2k 2 · 1 0

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